8-K 1 form8-k.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 2, 2019

 

Integrity Applications, Inc.

 

(Exact name of registrant as specified in its charter)

 

Delaware   0-54785   98-0668934
(State or Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification No.)

 

19 Ha’Yahalomim St., P.O. Box 12163, Ashdod, Israel   L3 7760049
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 972 (8) 675-7878

 

N/A

 

(Former name or former address, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
None.        

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).

 

Emerging growth company [  ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

 

 

   

 

 

ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

In connection with Integrity Applications, Inc.’s (the “Company”) plan to relocate certain of its management functions to the United States, on August 2, 2019, Mr. Sami Sassoun notified the Company of his resignation as Chief Financial Officer. Mr. Sassoun has agreed that, for the next 90 days, he will continue to support all of his duties and obligations, and he shall cooperate with and assist with the integration of the person who will assume the Chief Financial Officer’s responsibilities. On August 2, 2019, Ms. Jolie Kahn was appointed Interim Chief Financial Officer of the Company.

 

Ms. Kahn, age 54, has an extensive background in corporate finance and corporate and securities law. She has been the proprietor of Jolie Kahn, Esq. since 2002. Ms. Kahn has also acted in various corporate finance roles, including extensive involvement of preparation of period filings and financial statements and playing an integral part in public company audits. She also works with companies and hedge funds in complex transactions involving the structuring and negotiation of multi-million-dollar debt and equity financings, mergers, and acquisitions. Ms. Kahn has practiced law in the areas of corporate finance, mergers & acquisitions, reverse mergers, and general corporate, banking, and real estate matters. She represents both public and private companies, hedge funds, and other institutional investors in their role as investors in public companies.

 

There are no family relationships between Ms. Kahn and any officer or director of the Company.

 

Effective August 2, 2019, the Company also entered into a Consulting Agreement with Ms. Kahn for her services as Interim CFO. She will be compensated $10,000 per month for her services. The Agreement is for an initial term of six months and may be renewed by the Company and Ms. Kahn for successive six-month terms and may be terminated by either party on 30 days’ notice.

 

ITEM 9.01 Exhibit

 

Exhibit 99.1 Consulting Agreement effective as of August 2, 2019

 

   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: August 8, 2019  
   
  INTEGRITY APPLICATIONS, INC.
     
  By: /s/ David Podwalski
  Name:  David Podwalski
  Title: Chief Operating Officer and President